NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Short Interest Update

NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,889 shares, a drop of 89.9% from the April 30th total of 28,663 shares. Based on an average trading volume of 27,972 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

NYLI MacKay California Municipal Intermediate ETF Price Performance

NYLI MacKay California Municipal Intermediate ETF stock traded down $0.02 during trading on Friday, reaching $21.71. The company had a trading volume of 31,062 shares, compared to its average volume of 22,592. The firm’s 50-day simple moving average is $21.69 and its 200 day simple moving average is $21.85. NYLI MacKay California Municipal Intermediate ETF has a 1-year low of $21.01 and a 1-year high of $23.00.

Institutional Investors Weigh In On NYLI MacKay California Municipal Intermediate ETF

Institutional investors have recently added to or reduced their stakes in the stock. Entruity Wealth LLC lifted its holdings in NYLI MacKay California Municipal Intermediate ETF by 0.8% in the 3rd quarter. Entruity Wealth LLC now owns 110,151 shares of the company’s stock valued at $2,395,000 after purchasing an additional 880 shares in the last quarter. Brio Consultants LLC lifted its holdings in NYLI MacKay California Municipal Intermediate ETF by 2.1% in the 4th quarter. Brio Consultants LLC now owns 48,046 shares of the company’s stock valued at $1,049,000 after purchasing an additional 988 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in NYLI MacKay California Municipal Intermediate ETF in the 3rd quarter valued at $141,000. Jane Street Group LLC lifted its holdings in NYLI MacKay California Municipal Intermediate ETF by 25.5% in the 4th quarter. Jane Street Group LLC now owns 33,041 shares of the company’s stock valued at $721,000 after purchasing an additional 6,721 shares in the last quarter. Finally, Wealth Alliance LLC purchased a new position in NYLI MacKay California Municipal Intermediate ETF in the 3rd quarter valued at $232,000.

NYLI MacKay California Municipal Intermediate ETF Company Profile

The IQ MacKay California Municipal Intermediate ETF (MMCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade, intermediate-term municipal bonds that are exempt from federal and California income taxes. MMCA was launched on Dec 21, 2021 and is managed by IndexIQ.